DeFi platforms PancakeSwap, Cream Finance hit by domain name system hijacks

DeFi platforms PancakeSwap, Cream Finance hit by domain name system hijacks

Featured Technology
March 15, 2021 by Kofi Ahmed
147
DeFi platforms PancakeSwap and Cream Finance warned users on Monday that they were hit by domain name system (DNS) hijackings.
DeFi platforms PancakeSwap, Cream Finance hit by domain name system hijacks

The strong warnings were issued on social media in a bid to keep users from falling victim to dual schemes to collect private keys or seed phrases from would-be victims. Such information obtained by this kind of phishing scheme would then allow a hacker to then steal funds from affected users.

As of press time, PancakeSwap has said that it has regained access to its DNS. Cream Finance appeared to be in the process of seeking DNS access, pointing users toward an alternative address in the meantime.

A DNS hijacking allows an attacker to present a fraudulent web portal to visiting users, often aimed at collecting personal information — in this case, the private keys needed to steal their funds. The U.S. government and private security firms have issued warnings in recent years about such attacks, as noted in a 2019 report by Krebs On Security. 

Source: TheBlock

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